News Corp President/ COO Chase Carey is optimistic about the future of broadcast TV thanks to the emergence of the dual revenue stream model. That’s when, like their basic-cable cable counterparts, broadcast nets seek retransmission consent fees from cable and satellite operators to supplement ad revenue. “I don’t think, with retransmission, we’re screwed,” Carey said about the broadcast networks today at HRTS’ first Newsmaker Luncheon of the season. “It has to be a dual revenue model, or it’s not realistic to expect broadcast to compete with cable.” Speaking of cable, Carey also said he will push for higher carriage fees for News Corp’s cable networks FX and National Geographic. “We have room to grow,” he said in the Q&A session.
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